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Short Takes: Ocwen Hires Some Heavy Hitters for TPO / Strong 3Q21 Results? / USB Grows Home Lending By Almost 20% / Taper Sooner? / Hale Becomes the Chief

October 15, 2021
Paul Muolo and Dennis Hollier
Ocwen hints at good things in its (coming) 3Q21 results...
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3Q21 Origination Tally: An Increase for BofA, A Decline for Wells Fargo

October 14, 2021
Paul Muolo
Lower all-around at Wells Fargo: home lending, mortgage servicing rights, branches and employees...
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MBA Expects At Least 3,200 at Annual Confab in San Diego. Masks?

October 14, 2021
Monica Hogan
Some lenders are sending big contingents to the trade show., while others are staying home...
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A First Post 2010: Non-Agency MBS Backed by Ginnie Buyouts

October 14, 2021
Brandon Ivey
Waterfall Asset Management acquired the FHA mortgages from various third-party sellers in 2019 and 2020...
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An Origination Gain for JPM in 3Q21, A Nice Increase in MSRs

October 13, 2021
Paul Muolo
One interesting side note: The bank grew its third-party servicing portfolio to $509.3 billion, up from $463.9 billion at mid-year, a sequential gain of 9.8%.
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Seniors’ Complaints About Mortgages Jump in 2021

October 13, 2021
Namrata Bhatia
Seniors — age 62 or older — filed 1,987 mortgage gripes during the first six months of the year, up 36.1% from the same period last year...
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Chopra Sworn in at the CFPB. Kudos and Concerns…

October 13, 2021
Brandon Ivey
John Ryan, president and CEO of the Conference of State Bank supervisors, suggested that cooperation between the CFPB and state regulators will be particularly important.
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A Quandary: What FHA Lenders Can Use to Calculate Adjusted Net Worth

October 11, 2021
Monica Hogan
Scott Olson, executive director of the Community Home Lenders Association, suggested FHA take a second look at the changes...
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Non-Agency MBS Market at an Inflection Point?

October 8, 2021
Brandon Ivey
The concerns, voiced by Granovskaya and other participants at the event, are tied to an expected decline in the supply of loans for non-agency MBS.
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Mortgage Employment Declines. The Beginning of a Trend?

October 8, 2021
Paul Muolo
Some lending shops are still looking to hire loan officers.
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